Articles on: VAT application in invoices

Which Type of VAT is Appropriate for a Non-chargeable Goods?

If you are a VAT payer and you want to invoice an item that is non-chargeable (e.g. deposit, security deposit, etc.) you need to add the VAT5 type with a 0% rate to your settings.

How to do this?

Select SETTINGS from the menu bar

Select TYPES OF VAT in the sidebar

Add the VAT5 type with 0% RATE

Confirm the settings by clicking SAVE CHANGES

When writing an invoice, select the VAT5 type with 0% RATE and no VAT will be added to the price of the item

Updated on: 30/05/2024

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